Bridges Investment Management Inc. Grows Position in Celsius Holdings Inc. $CELH

Bridges Investment Management Inc. raised its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,774 shares of the company’s stock after purchasing an additional 5,825 shares during the quarter. Bridges Investment Management Inc.’s holdings in Celsius were worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CELH. GAMMA Investing LLC lifted its holdings in Celsius by 19.7% during the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock valued at $73,000 after purchasing an additional 338 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after purchasing an additional 666 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Celsius by 23.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company’s stock valued at $796,000 after purchasing an additional 4,210 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Celsius during the first quarter valued at about $206,000. Finally, State of Alaska Department of Revenue lifted its holdings in Celsius by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 18,454 shares of the company’s stock valued at $657,000 after purchasing an additional 500 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the transaction, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the transaction, the chief executive officer owned 895,410 shares in the company, valued at $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 600,667 shares of company stock valued at $29,740,162. 2.55% of the stock is currently owned by corporate insiders.

Celsius Stock Up 1.9%

CELH stock opened at $64.29 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $58.28 and its 200 day moving average is $46.66. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 173.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.38. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $66.74.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $632.13 million. During the same period in the prior year, the business earned $0.28 earnings per share. Celsius’s revenue for the quarter was up 83.9% compared to the same quarter last year. Sell-side analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

CELH has been the topic of several recent research reports. Truist Financial upped their price objective on shares of Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a report on Monday, September 8th. UBS Group increased their price target on shares of Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Morgan Stanley set a $70.00 price target on shares of Celsius in a report on Tuesday, September 30th. Piper Sandler increased their price target on shares of Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, B. Riley increased their price target on shares of Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.15.

Celsius Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.